Word: 1920s
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...pioneer of the mathematical approach that came to dominate the discipline after his death. Fisher saw the behavior of the market in rational, mathematical terms. He wasn't completely doctrinaire about this--earlier in his career, he had allowed that investors sometimes behaved like sheep. But in the 1920s, convinced that skilled monetary management at the Federal Reserve and the rise of new, professionally run investment trusts had reduced the riskiness of markets, he lulled himself into believing that the prices prevailing on Wall Street were a reflection of economic reality and not of investor mania or a credit bubble...
That skepticism seemed fair based on early attempts. In 1884, a German inventor created crude moving images by filtering light through a spinning disk punched with holes. In the early 1920s, engineers in the U.S. and U.K. sent still pictures and moving silhouettes using radio waves. In 1928, General Electric broadcast the first TV drama: a modified small spinning disk and bright lamp produced off-center, blurry pictures of cigarette-toting actors gallivanting around what was supposed to be Europe (but was actually Schenectady, N.Y.). It was one of the best offerings at the time. Other must-see TV included...
...beat bonds because they a) were less vulnerable to having their value eaten away by inflation and b) allowed investors to share in the growth of the U.S. economy in a way that bonds and other assets did not. These two tenets were the indispensable theoretical underpinning of the 1920s bull market...
...Although surrounded by Bauhaus beauties, the Montefiore is actually a renovated mansion from the earlier 1920s Eclectic period, festooned with a mishmash of European, Ottoman and Arab architectural motifs - from bijou Juliet balconies and an intricate filigreed façade to soaring Levantine arches and domes. Owners Mati and Ruthie Broudo have kept the rooms period-appropriate using antique 1930s furniture, including original pieces by German Bauhaus design firm Thonet. (See Time.com/Travel for city guides, stories and advice...
...shows with his two longtime collaborators, John Weidman and James Lapine, and is writing an annotated retrospective of his lyrics. But breaking fresh ground can be hard going, says Sondheim, whose latest work, Road Show - based on the lives of huckster brothers behind Florida's ill-fated 1920s real-estate boom - was more than a decade in the making. "You think every time you pick up your pencil it's going to be a little bit easier, but it isn't," he says...